The best term deposit rates on InfoChoice are over 2.0% pa in March 2020. The highest Australian term deposit rate in March 2020 on InfoChoice [...]
Term deposits are a secure and predictable investment vehicle with guaranteed returns as long - as you leave the money in the account right through [...]
The best term deposit rates in Australia may not be available from your own bank. The highest term deposit rates in February 2020 on InfoChoice [...]
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Term deposits keep your money relatively safe and secure (including from you) for a set period of time and pay you an agreed fixed rate [...]
The new year brings a new opportunity for savers and investors to review their accounts, compare returns and ensure they are getting the best rates [...]
In January 2020, InfoChoice’s top term deposits include products with market-leading rates, like the Green Term Deposit from UBank, Citi Australia’s term deposits and Judo [...]
Term deposits are popular with retirees, sophisticated investors wanting to diversify with cash and savers needing to lock their cash away. 12-month (1-year) term deposits [...]
Westpac share price crashes Westpac shares have crashed in two days of trading last week and may still fall further when markets open this week. [...]
Term deposit rates are under pressure as official interest rates fall closer to zero in Australia. The highest term deposit rate now on offer from [...]
Judo Bank faces heavyweight fight for name A legal battle over the name Judo has erupted with business lender and term deposit provider Judo Bank [...]
Pension day problems at Commonwealth Bank Commonwealth Bank services have been restored this morning after a major outage in core banking services affected Netbank, branches, [...]
Calculating interest daily unlocks the power of compounding. It’s a big advantage. When you invest your money in a term deposit account you know that [...]
If you’re thinking about opening a term deposit account to help you to achieve your savings goals then it’s important that you choose and open [...]
The Australian Government guarantees deposits, up to $250,000, that are held in Authorised Deposit-taking Institutions (ADIs)– also known as banks and credit unions. The government [...]
If you’re looking for a safe and predictable way to grow your savings that doesn’t need any experience or much input from you then a [...]
One of the great things about a term deposit is that it’s not only a low risk way to earn a return on your savings, [...]
Term deposits are among the safest investment vehicles going. But it’s not enough just to choose something safe and secure, however, when there are lots [...]
When you invest or deposit your money in a bank, your first priority is getting that initial amount of money back when you want it. [...]
Crunch time for savers – ACT NOW Savings rates are being crunched as the Reserve Bank continues to ease the official cash rate and banks [...]
At first sight, term deposits are pretty much the ideal, low–maintenance savings vehicles; you deposit your money, then sit back and wait for the term [...]
The cost of living isn’t getting any cheaper so if you’re saving up for a home deposit you might feel like you’re running an impossible [...]
12 March 2020: Deeming rates cut by 0.5% The govt is lowering pensioner deeming rates to recognise the RBA’s lower interest rates and the low [...]
You have probably heard of “term deposits” and you may have heard of “fixed term deposits” but do you know what these financial products are? [...]
Term deposits are covered by the Australian Government Guarantee scheme. Under the Financial Claims Scheme, deposits of up to $250,000 are guaranteed by the Australian [...]
Every sensible Aussie wants to save money, but the days of stashing notes under the mattress and in the biscuit tin are well and truly [...]
Interest rates are tipped to fall in 2019 and 2020 from the already low rates now being paid to savers. It’s entirely possible that there [...]
If you’re thinking of opening a term deposit account for your child (or, indeed, one for each of your offspring), then you’re making a really [...]
Australians prefer to save, invest and grow their money with bank deposits. Bank deposits, including savings accounts and term deposits, are, by far, our favourite [...]
One of the benefits of share market trading is that you have a relatively liquid asset that can be quickly converted into cash. However they [...]
Right now savers are dealing with low interest rates but they are generally protected from the upheavals in share markets. Investors looking for a good [...]
Australian Prudential Regulation Authority chairman Wayne Byres questioned why banks and credit unions are offering higher rates on at-call savings accounts over term deposits. Byres [...]
Savers and investors who are looking for a reasonable return on their money may be looking around at their options. These might include a high [...]
Term deposits are still enormously popular with investors and savers. High interest online savings accounts are currently offering rates that are very competitive with term [...]
With interest rates at historic low levels, people in the market for a term deposit need to seek out the good deals to ensure they [...]
Term deposits are traditionally an important part of many saver’s strategies and often comprise a big part of retiree’s income streams. Term deposit rates have [...]
Term deposits traditionally offer a slightly higher rate than at-call savings accounts, although average term deposit rates have fallen in 2013 and 2014. Despite falling [...]
84 per cent of Australian savers use savings accounts, term deposits or high interest online savings accounts to keep their money safe and give them [...]
Interest rates are set to stay at or near their current record lows. But the lustre has not worn off term deposits as an investment. [...]
Term deposits are simple savings accounts offered by banks, building societies and credit unions that pay a fixed rate of interest for a given term [...]
National Australia Bank is currently paying up to 4.50 per cent per annum for five year term deposits with interest paid annually. For interest paid [...]
Savers rolling over term deposits need to ensure that they are getting the best rates available. Banks offer different rates for different terms, creating a [...]
InfoChoice data shows term deposit rates are currently averaging about 3.7 per cent for a 12 month term, down from 6.25 per cent two years [...]
There has been improved disclosure and fewer default rollovers from high to low term deposit interest rates since ASIC reviewed the term deposit market in [...]
Growth in household deposits is slowing, as savers move their money out of at-call and term deposits in search of higher rates. Some deposit-taking institutions [...]
National Australia Bank chief executive Cameron Clyne said it will be difficult to hold back part of any future interest rate cuts from borrowers because [...]
Savers are spreading their deposits around rather than putting all their money in one bank or other deposit-taking institution. According to Roy Morgan Research, customers [...]
Westpac says it will continue to chase consumer savings aggressively. A fall in term deposit interest rates over recent months has sparked predictions that fierce [...]
Average interest rates on a 180-day term deposit are about 3.89 per cent right now, compared with 5.45 per cent two years ago. 12-month term [...]
Banks are making a profit of almost $80,000 on each new mortgage customer over the lifetime of the loan - the highest level in almost [...]
Bendigo and Adelaide Bank managing director Mike Hirst said the war for deposits would cool because of recent improvements in wholesale funding markets. “The wholesale [...]
The latest data from the Australian Prudential Regulation Authority shows the big four banks control 83 per cent of home loans up from about 67 [...]
Suncorp Bank executive manager Craig Fenwick says term deposit rates regularly fluctuate. “It depends what's happening in the financial markets and for banks' competition,” he [...]
Term deposit interest rates continue to fall but they are a long way off the lows experienced during the global financial crisis. Reserve Bank of [...]
Depositors are not going to stop squirreling money into banks and shift their savings to higher-risk investments for a long time according to Westpac boss [...]
Credit Union Australia Chief Chris Whiteheads says consumers may not be aware that the government’s $250,000 deposit guarantee applies across all of a bank’s brands. [...]
Online savings accounts are safe and can earn up to 2.5 per cent above inflation but there are tricks to these. The online “bonus” savers [...]
Term deposits are simple savings accounts offered by banks, building societies and credit unions that pay a fixed rate of interest for a given term [...]
Not all term deposits are equal. Around 90 per cent of them have a term of less than 12 months, according to figures quoted by [...]
Term deposits used to be a vehicle for wealthy individuals and the older generations to park a bit of cash. But this all changed in [...]
UBank have increased its three, six and 12-month term deposit rates by between 10 and 22 basis points, only a couple of weeks after cutting [...]
Term deposits are likely to become better value for savers than at-call accounts under new bank rules. Reserve Bank assistant governor Guy Debelle says retail [...]
A new survey has found the number of consumers who believe bank deposit accounts are the wisest place for their savings is at its highest [...]
Depositors have been cushioned from falling interest rates by stiff competition for retail deposits but rates are still coming down. According to the Reserve Bank, [...]
Term deposits are a secure investment with minimal risk to investors because the interest rate is fixed and the government guarantees the deposit up to [...]
Competition is more intense than ever in home loans and savings, as some of the larger credit unions and building societies take the fight right [...]
The time has come for all self-managed superannuation funds and larger private investors to stand up for themselves and negotiate much more vigorously with banks [...]
People wanting to lock their savings into the government guaranteed safety of deposits can still get rates of six per cent said Andrew Murray, chief [...]
Australia’s major four banks have been more generous with their three-month term deposits compared to their standard variable mortgage rates. The major four banks had [...]
Almost half of our savings are now tied up in term deposits. The minutes of the April Reserve Bank board meeting revealed just how important [...]
Billions of dollars is being lost by savers who are getting their term deposits automatically rolled over to a lower interest rate by their bank. [...]
Teachers Mutual Bank chief executive Steve James said the bank was on track to report a net profit of $24 million for the year to [...]
The top four banks have each cut 20 basis points off their three-month term deposit rates since the start of the year. Longer-term savings rates [...]
The best rates in the term deposit market at the moment are being offered on six-month terms. The top rate for that term is 5.95 [...]
The Commonwealth Bank announced it will increase interest rates for its six month Term Deposit account by 0.20 per cent. The bank also announced standard [...]
According to the latest figures from the Australian Taxation Office, about 30 per cent of Australian SMSF balances were invested in cash or term deposits. [...]
Virgin Money chief executive, Matt Baxby said he was pleased with the progress of the deposit account, Virgin Saver, although he did not say what [...]
UBank has more than A$10 billion deposits and more than 200,000 customers, Alex Twigg, general manager of the NAB brand, told The Australian. This represents [...]
As it continues the offshore hunt for hidden tax revenue, the ATO is also searching for elusive tax revenue close to home. Last year, the [...]
In 2010-11, the volume of funds flowing back to Australia from 13 major tax secrecy jurisdictions increased for the first time since 2007-08, the year [...]
Investors continue to pull their money out of the stockmarket at record rates and ploughing their savings into term deposits. Australian term deposits have swelled [...]
AMP said the popularity of term deposits in its personal super products had led it to introduce term deposits for its corporate super products, CustomSuper [...]
Infochoice figures show that more than 30 institutions cut their term deposit rates over the past month. Reductions in 90-day deposit rates were in the [...]
The big four banks have all lowered their term deposit rates this week. The rates are almost the same so I won't bother to differentiate. [...]
Westpac is betting that investors in term deposits will become more sophisticated in their use of the product and start to look for some diversification [...]
The best term deposit rates now are all about six per cent. Savers can still lock in rates of six per cent for up to [...]
ING Direct will now sell term deposit products through Australia Post outlets, the Financial Review reports. Two thirds of its clients prefer to open an [...]
Term-deposit rates have fallen by about 0.3 of a percentage point recently and bankers say they might fall further. Most people like to put their [...]
Houses are more affordable now than they have been for about five years. In Brisbane now, the average ten per cent deposit for a home [...]
Term deposit rates have come down by around 30 basis points since the start of the month, as deposit-takers adjust to movements in wholesale markets [...]
AMP Bank and Rabobank had the fastest-growing retail deposit books over three months. Of the big banks, ANZ recorded deposit growth of 1.1 per cent. [...]
Most institutions will charge an interest “penalty” for early withdrawals of term deposits, meaning you can lose much of your interest, while some don't allow [...]
About 80 per cent of the $600 billion in term deposits is with the major banks. Yet, their term deposits pay between 0.5 percentage points [...]
Westpac reported net profit of $3.9 billion for the half, which was up 37 per cent on the $2.9 billion profit in March last year. [...]
ING Direct offers 6.3 per cent for a seven-month term, and 6.5 per cent for a year. Others are offering 6.6 per cent for a [...]
RaboDirect last week launched a five-year term deposit with an interest rate of 7.15 per cent a year. The bank says it's the best five-year [...]
Enquiries for no deposit home loans have increased almost 30 per cent since the start of the year according to data from Experian Hitwise. There [...]
The household deposit market has become a hot money market. APRA figures for January released yesterday show RaboDirect losing 13.2 per cent of the value [...]
In the term-deposit market the sweet spot for savers looks to be 180-day terms. Infochoice lists close to 30 institutions that are offering six per [...]
Term deposit rates offered by the big banks have moved up since the RBA increased the official cash rate on Melbourne Cup Day, November 2. [...]
Investors should focus on short-term deposits or floating-rate securities to protect themselves against coming interest rate rises despite the Reserve Bank of Australia (RBA) leaving [...]